If we think (and there have been numerous posts here to support this idea) that all major banks are going to fail because of over-investing in derivatives, what should we do if we have money in those banks? Pull it out in cash? Convert it to silver or gold? Put the cash under our mattress? And will cash be worth anything?
So if we have cash in checking or savings with a bank, how can we protect our assets?
I have no idea. We're sitting on a lot of money right now from selling a house and wanting to build a house.
So I need liquidity.
So, I have some split across banks right now. If it all goes up in flames, it is what it is and I'm trusting that God will take care of us.
All that said, some of this I think is FUD. Some of it is based in reality. And some, people just want to watch the world burn for the kicks and giggles and to be right.
Spend it.